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2023
Flag → Flag
Exports $199MRnk 67 / 215
2023
Flag → Flag
Top Product $86.1MIron Ore
2023
Flag → Flag
Exports $141MRnk 19 / 123
2023
Flag → Flag
Top Product $70.8MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
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GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
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GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Canada-Trinidad and Tobago Trade: In 2023, Canada exported $199M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($86.1M), Wheat ($12.7M), and Dried Legumes ($8.06M). Over the past 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 5.73%, from $268M in 2018 to $199M in 2023.

In 2020, Canada exported services to Trinidad and Tobago worth $42.5M, with Travel ($19.4M), Financial services ($14.2M), and Royalties and license fees ($5.97M) being the largest in terms of value.

Trinidad and Tobago-Canada Trade: In 2023, Trinidad and Tobago exported $141M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($70.8M), Nitrogenous Fertilizers ($41.2M), and Petroleum Gas ($11.5M). Over the past 5 years the exports of Trinidad and Tobago to Canada have decreased at an annualized rate of 11.3%,  from $257M in 2018 to $141M in 2023.

In 2023, Trinidad and Tobago did not export any services to Canada.

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$21.9M and imported C$23M from Trinidad and Tobago, resulting in a negative trade balance of C$1.13M. Between November 2023 and November 2024 the exports of Canada have increased by C$12.4M (132%) from C$9.46M to C$21.9M, while imports increased by C$12.2M (112%) from C$10.9M to C$23M.

Trade In November 2024, the top exports of Canada to Trinidad and Tobago were Dried Legumes (C$689k), Other Frozen Vegetables (C$542k), Packaged Medicaments (C$473k), Commodities not elsewhere specified (C$406k), and Newsprint (C$397k). In November 2024 the top imports of Canada from Trinidad and Tobago were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (C$6.53M), Hard Liquor (C$469k), Nitrogen Heterocyclic Compounds (C$129k), Rubberworking Machinery (C$129k), and Non-fillet Fresh Fish (C$126k).

Origins In November 2024 the exports of Canada were mainly from Newfoundland Labrador (C$13M), Ontario (C$2.92M), Quebec (C$1.88M), Prince Edward Is. (C$1.61M), and New Brunswick (C$1.41M), while imports destinations were mainly Quebec (C$10.9M), Ontario (C$6.98M), Prince Edward Is. (C$4.69M), Alberta (C$214k), and British Columbia (C$197k).

Growth In November 2024, the increase in Canada's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Other Frozen Vegetables (C$237k or 77.5%), Computers (C$236k or 6.51k%), and Commodities not elsewhere specified (C$234k or 136%). In November 2024, the increase in Canada's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Hard Liquor (C$365k or 350%), Confectionery Sugar (C$69.2k or 13.3k%), and Fish Fillets (C$52.3k or 790%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$12.4M(132%)
IMPORT GROWTH (November 2023 - November 2024)C$12.2M(112%)
MAIN EXPORTER (November 2024)Newfoundland LabradorC$13M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Trinidad and Tobago and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $199M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($86.1M), Wheat ($12.7M), and Dried Legumes ($8.06M). During the last 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 5.73%, from $268M in 2018 to $199M in 2023.

In 2018, Trinidad and Tobago exported $141M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($70.8M), Nitrogenous Fertilizers ($41.2M), and Petroleum Gas ($11.5M). During the last 5 years the exports of Trinidad and Tobago to Canada have decreased at an annualized rate of 11.3%, from $257M in 2023 to $141M in 2018.

Exports from Canada (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Trinidad and Tobago
Top DestinationUnited States$3.26B

This map shows whether countries import more from Canada or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from Canada and Trinidad and Tobago or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Trinidad and Tobago included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Trinidad and Tobago than Canada included Guyana ($625M), Barbados ($460M), and Croatia ($245M).

Difference in imports from Trinidad and Tobago (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Trinidad and Tobago

Flow
Scale

This chart compares trade between Canada and Trinidad and Tobago by product, considering products traded by both, Canada and Trinidad and Tobago.

During 2023, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($86.6M), Vegetable Products ($30M), and Machines ($17.9M).

During 2018, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($113M), Mineral Products ($11.5M), and Foodstuffs ($8.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Trinidad and Tobago+$1.98MPackaged Medicaments
Top Product Potential Trinidad and Tobago Canada+$41.7MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Trinidad and Tobago. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Trinidad and Tobago (Flag) (2023)

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